A trader works on the floor at the New York Stock Exchange on July 3, 2024.
Brendan Mcdermid | Reuters
A massive IT outage that is causing unprecedented global disruptions apparently won’t hold up business as usual in financial markets.
Officials at both the New York Stock Exchange and the Nasdaq said they are up and running Friday, despite the CrowdStrike problems that have hit everything from airlines to banks to a slew of other businesses around the world.
“NYSE markets are fully operational and we expect a normal open this morning,” a spokesperson for the exchange said Friday.
Similarly, the Nasdaq, which is the favorite trading spot for high-flying tech stocks, said it has managed to make it through the issues caused by an update that CrowdStrike, a global cybersecurity firm, implemented.
“Our European markets and US pre-market are operating normally. We expect our US markets to open normally,” the firm said.
The news, though, wasn’t as good for CrowdStrike itself: Its shares were trading more than 13% lower in the premarket.
